Mathematics, 15.07.2019 19:00 SkyThefly

Mr. obama would like his daughter to attend harvard in 6 years when she finishes high school. mr. obama would like to invest enough money in a certificate of deposit (cd) now to pay for his daughter’s college expenses. if he estimates that he will need $250 thousand in 5 years, how much should he invest now in a cd that has a rate of 2.8% compounded monthly?

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Mr. obama would like his daughter to attend harvard in 6 years when she finishes high school. mr. ob...